Firebird EA - fixed version -

Quoting wackena

Disliked

2nd day of demo testing of FB_v1.0b (hedge EA). Still no loses. Profit has doubled from day 1. But Float has also doubled. On $5,000 account free margin is down to ~$800. 2day report & set file attached.

Wackena

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Quoting Yardie

Disliked

Wackena. Thanks for sharing. The float is low. It looks like its the number of open positions which is the killer.

I have just gotten rid of the slow moving pairs because of this. They just sit in float for hours and days. Now focusing on EURUSD, EURJPY, USDJPY, GBPUSD, USDCHF and USDCAD.

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Quoting skyline

Disliked

Do you know how Margin Level (%) is calculated ?

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Quoting wackena

Disliked

Attached are modified versions of 1.0a, 1.0b & 1.0c with a new input called MinMarginLevel. Enter minimum Margin Level % where trading stops below this level. Enter percent as whole numbers; such as 100, 250, 500 & etc.

I set the Margin Level equation as AccountEquity() / AccountMargin() and EA would not place orders. Journal message was divide zero. It took me a while to figure out that at the beginning AccountMargin() is 0. So, divide by zero error. I added 0.001 to AccountMargin() to get 1st trade and then the EA ran OK.
Wackena

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Quoting Hagbard Celine

Disliked

The point of this is to minimize number of open orders? Protect you from a margin call?

As long as you are trading with excessive equity for the lot size, do you even need that, except as maybe a last ditch fail-safe?

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Quoting wackena

Disliked

Attached are modified versions of 1.0a, 1.0b & 1.0c with a new input called MinMarginLevel. Enter minimum Margin Level % where trading stops below this level. Enter percent as whole numbers; such as 100, 250, 500 & etc.

I set the Margin Level equation as AccountEquity() / AccountMargin() and EA would not place orders. Journal message was divide zero. It took me a while to figure out that at the beginning AccountMargin() is 0. So, divide by zero error. I added 0.001 to AccountMargin() to get 1st trade and then the EA ran OK.
Wackena

Ignored

 // Calculate Margin Level    
double MarginLevel()    
{ 
  double fMarginLevel=0;    

  if (AccountMargin() > 0) 
   { 
     fMarginLevel = ((AccountEquity()/AccountMargin())*100);
   }

  return(fMarginLevel);    
}

Quoting skyline

Disliked

I had the same problem Wackena
I did resolve in this way :

Inserted Code

 // Calculate Margin Level 
double MarginLevel() 
{ 
double fMarginLevel=0; 
 
if (AccountMargin() > 0) 
{ 
fMarginLevel = ((AccountEquity()/AccountMargin())*100);
}
 
return(fMarginLevel); 
}

Anyway good work as always Wacky
Unfortunately i cannot modify anymore my first post to add your new versions, i don't know why but this is really disappoint me

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Quoting sergen

Disliked

Hello,

gosh this EA really give me pips

in Demo Account i got 37 win, 0 loss and 27 floating trade for 2 days trade

Profit $822, Floating loss $348

in Live Account [manually selected signal from FB] 23 Win=220pips, 0 Loss, 6 floating for today trade

i use FB 1.0c. hmm does anyone do live trade using FB?


thanks guys,

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Quoting Eureka

Disliked

... I'm trading 10 pair. I suggest allowing $1000 per pair.

...I started with 7k.

Eureka

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